Overnight: The S&P 500 and Dow Jones Industrial Average joined a rally in European equities, with each benchmark working on achieving a record close

Bell Potter

Overnight: The S&P 500 and Dow Jones Industrial Average joined a rally in European equities, with each benchmark working on achieving a record close. Medium-term Treasury prices gained as the market priced in dovish views of the trajectory of short-term interest rates, which the Fed has vowed to hold near zero for the foreseeable future. Gold futures gained, rebounding from a 3week low as a weaker USD helped boost demand for the precious metal. Oil futures rallied, poised to close above $95 a barrel for the first time this month A steep decline for Experian weighed on the FTSE 100 index, while better-than expected data on industrial production helped the benchmark curb losses. European stock markets posted broad-based gains, recouping losses made a day earlier, as VestasWind Systems and ING rallied after well-received earnings reports. London BHP up 0.66%. Rio down 0.17%.


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